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Gifts of any amount to Officials for Kids are welcomed throughout the year. All gifts are tax-deductible to the extent permitted by law. Officials for Kids originated in Lansing, Mich., in 2003 to

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What is gifts of any amount?

Gifts of any amount refer to monetary or non-monetary items given to someone without expecting anything in return.

Who is required to file gifts of any amount?

Anyone who has given gifts of any amount totaling more than the annual exclusion amount set by the IRS is required to file a gift tax return.

How to fill out gifts of any amount?

You can fill out gifts of any amount by accurately reporting the details of the gifts, including their value and recipient, on IRS Form 709.

What is the purpose of gifts of any amount?

The purpose of gifts of any amount is to track and tax large gifts given by individuals in order to prevent tax evasion through gifts.

What information must be reported on gifts of any amount?

The information that must be reported on gifts of any amount includes the value of the gifts, the identity of the recipients, and any other relevant details.

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